After the group discovered a mistake in the released Q1 results, we also change our comments based on sales down 0.4% instead of a 1.3% rise. The group’s sales were down 0.4% in the 13 weeks to 2 July, hit by the market’s weakening momentum which led to a sales decline of 8.3% in clothing and home products. A strong resilience was reported in food sales which grew by 4%. The international activity outperformed with a 0.7% increase (at constant currency) vs. -1.1% for the UK. Onlin
08 Jul 2016
A poor performance in the wake of Brexit
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A poor performance in the wake of Brexit
Marks and Spencer Group plc (MKS:LON) | 259 4.1 0.6% | Mkt Cap: 5,290m
- Published:
08 Jul 2016 -
Author:
Rim BEN SALAH -
Pages:
2
After the group discovered a mistake in the released Q1 results, we also change our comments based on sales down 0.4% instead of a 1.3% rise. The group’s sales were down 0.4% in the 13 weeks to 2 July, hit by the market’s weakening momentum which led to a sales decline of 8.3% in clothing and home products. A strong resilience was reported in food sales which grew by 4%. The international activity outperformed with a 0.7% increase (at constant currency) vs. -1.1% for the UK. Onlin